July is like the longest month of the year and in Memphis, it’s the hottest. Almost every day has been 100 plus. This makes it real hard to stay motivated, but I am consistently challenging and changing the business profile as I continue to work on strategies to help other sneaker lovers out there, move…
Okay in the last couple of updates I’ve told you about the Facebook Ad and the Google Ad as well as moving to ebid.net. While the traffic still hasn’t picked up on my website yet, I have found a new local spot to setup my market and I think it is going to go great….
Okay so someone asked me in person, instead of here on the site, why am I writing about my struggles. They said that most people who are in the same business hope that you struggle instead of identifying with what you are going through. No one thinks what happened to you will ever happen to…
Alright in my last update on moving away from ebay I attempted to use a plugin that allowed me to host bids here on my site. The problem was although I paid 50.00 dollars for a Facebook Ad, it increased my likes on my fan page, but it did not translate into people visiting the…
I’m still in the process of moving from Ebay and like I said in the previous article, things are slow. I haven’t generated an individual sell through the site yet. Although I had numerous pairs of Foamposite Retros in stock and I was selling them at a lower price than anyone on web or retail,…
Alright, everyone who is a sneakerhead and sells, buys and trades kicks has at one point worked through ebay or is currently working through ebay. I was an ebay faithful sneaker freak until I had one of those nightmare encounters on ebay and everything went to garbage. What that made me realize is that, ebay…
I haven’t been writing much here about moving away from Ebay lately. There are two other posts for you to read about this process. As I said before it was hard walking away from Ebay, but their lack of seller protection and the constant fees, along with the mistreatment made my decision easier. I have…
Shop sneakers with confidence—just look for the Authenticity Guarantee checkmark. images via eBay Source: eBay Authenticity Guarantee for Sneakers The discussion around excess inventory in various segments of retail is focused on slow sales due to a glut of product. In the sneaker segment, one of the narratives has been that Nike, who saw in…
I had 382 transactions in August 2021. The wholesale channel shifted as I didn’t want to take on inventory and sit on it for two weeks. The market moves quickly and I lost that wholesale deal. Just because I’m out of the biz for a while, doesn’t mean the world stops turning. In September, I’ve…
The marketplace launches zero selling fees for its North America seller community on any sneakers sold at $100 or more. Source: eBay Eliminates Sneaker Seller Fees for the First Time and Unveils New December Drop Series My immediate response is this is a dangerous game of attrition and eBay has chosen to use band aids…
Nike currently has a lawsuit pending over problems with workplace diversity and sexism. While many sites and news outlets are focused on how this case will affect the recent resurgence by the brand, I moved to a different discussion based on the recent third party sales I’ve had utilizing the StockX website. Last year I…
If you haven’t been following the story you can check back through the blog and read the Moving from Ebay series. If you don’t feel like doing that, then here is a recap: In June, I was on my way to becoming a powerseller on Ebay. I was generating thousands a month from the sell…
Source: Allbirds Announces 1-For-20 Reverse Stock Split | Allbirds, Inc. When Nike struggles, every brand gets caught in the rough waters churning behind the ship. Add in giant waves already being generated in the ocean and smaller brands, not even in the performance running space, can find themselves spinning in the whitewater. Brands which maintain…
StockX is a private company with a massive amount of fundraising under its belt. The company is moving into a position where there won’t be another funding round. The company will have to IPO. In the first post in this series, I explained why the platform implemented guardrails to offset a slow market. Throughout this…
Made to be Discounted is honestly a natural part of the product lifecycle and not a dig at Nike. MTBD becomes a problem when the lifecycle is compacted. Let me explain, no one ever really addresses what sneaker resale was or what it encroached upon. The initial wave (90s) began with sellers finding Air Force…
Listen to the article: The sneaker industry needs nuance. Instead, the business is often looked at in extremes. Either, The sky is falling, or kicks are the hottest alternative commodities in the world. Discussing the reality of the industry isn’t exciting. It’s much easier to capture attention with complaints or praise. I’ve discussed in the…
Source: The State of Resale 2024 – StockX Whether the sneaker industry will admit and whether sneaker culture likes it, StockX is the measuring stick for the business of kicks. The site provides a bevy of data on trends and is capable of supplying real time indicators of brand heat. This doesn’t mean the platform…
Sneaker enthusiasts will argue that 2014 was the year Ye turned adidas into a player. Runners will say the UltraBoost was the engine in adidas’ rise in popularity. I’ve written that adidas’ timely drop of the NMD propelled the company forward. Every theory is a part of the whole. adidas changed leadership, sold off underperforming…
We’re excited to announce great news for Sellers on StockX. For a limited time, StockX is removing the 3% Payment Processing Fee for Sellers. This new 0% rate is in effect now and will be automatically applied to any Asks you place in the future, as well as any existing Asks you currently have…
Hibbett Sports was once moving towards Sports Authority territory, until they launched their eCommerce platform. Since that time the retailer has become what I label as Nike’s GPS partner. Insider Ties: Footlocker Has a GPS Foot Locker once held the position as Nike’s favorite distribution outlet, but Hibbett Sports has taken over and the continued…
Video Breakdown: 0:00 Intro 2:35 Stadium Goods 3:45 StockX & eBay 6:25 Disruptions Created Resale 10:45 OGs Get Diminished 12:25 The Spikes Lied 13:55 UGG is Top 10 15:55 Top 20 Sold on StockX 18:55 Buyers Have Options 21:10 The Greater Fool 24:46 The Big Reset 24:10 Wrap-Up eBay purchased SneakerCon and attempted to ramp…
Video Breakdown 0:00 Intro 0:57 Nike Demand 4:57 Retail Offsets Poor Decisions 8:35 Slow Sales and No Challenges 12:51 The Annual Air Jordan 11 Drop 16:30 Nike and Marketing 1.The Demand for Nike Never Stops Right now, on Amazon, a Seller Central Account can open a Selection Recommendation for shoes currently in demand. The first…
